Conventional economic wisdom suggests that congestion pricing would be an appropriate response to cope with the growing … congestion levels currently experienced at many airports. Several characteristics of aviation markets, however, may make naive … congestion prices equal to the value of marginal travel delays a non-optimal response. This paper develops a model of airport …

, based on car-following theory. The model integrates twoarchetype congestion technologies used in the economics literature …: 'static flow congestion',originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered byVickrey. Because …

optimal congestion taxes on network links, when not all links in the network can be taxed (partial network pricing). This is … interactions. The second assumption is that the congestion tax revenue is redistributed to households according to predetermined … interaction component. The taxes will deviate from marginal external congestion costs, even in the absence of network pricing …

tolls and congestion, will depend in part on the importance of discouraging marginal drivers. The equilibrium will not …

This paper develops a continuous-time -continuous-place economic model of road traffic congestion with a bottleneck …, based on car-following theory. The model integrates two archetype congestion technologies used in the economics literature …: 'static flow congestion', originating in the works of Pigou, and 'dynamic bottleneck congestion', pioneered by Vickrey …